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Unless you have a signed contract by the both of you then kiss your money goodbye. One should always be careful who they loan money too. I have a couple of friends that have had some bad breaks and I've GIVEN them some money, but don't expect it back. I don't loan money and I never co-sign personal loans even for family members (would rather give them the money straight out with no strings attached.)

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Q: What can be done legally if someone owes you money agrees to pay but never pays?
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